Vitesse Energy (NYSE:VTS) Releases Earnings Results, Beats Estimates By $0.03 EPS

Vitesse Energy (NYSE:VTS) posted its quarterly earnings data on Monday. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03, FiscalAI reports. Vitesse Energy had a negative return on equity of 0.02% and a negative net margin of 3.95%. The business had revenue of $82.95 million for the quarter, compared to the consensus estimate of $76.97 million.

Vitesse Energy Stock Performance

Shares of Vitesse Energy stock traded down $1.08 on Monday, hitting $17.22. 427,973 shares of the company’s stock were exchanged, compared to its average volume of 500,702. The stock has a market capitalization of $725.05 million, a PE ratio of -52.19 and a beta of 0.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50-day simple moving average of $17.56 and a 200-day simple moving average of $18.00. Vitesse Energy has a 1 year low of $15.00 and a 1 year high of $22.91.

Vitesse Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a $0.4375 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.75 annualized dividend and a yield of 10.2%. Vitesse Energy’s dividend payout ratio (DPR) is presently -530.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VTS shares. Weiss Ratings lowered Vitesse Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wall Street Zen raised Vitesse Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Alliance Global Partners reaffirmed a “buy” rating on shares of Vitesse Energy in a research note on Tuesday, August 4th. Northland Securities set a $20.50 price objective on shares of Vitesse Energy in a research report on Thursday, September 17th. Finally, Citigroup restated an “outperform” rating on shares of Vitesse Energy in a research report on Thursday, September 17th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.50.

Vitesse Energy Company Profile

Vitesse Energy, Inc is an independent energy company focused on owning non-operated interests in oil and natural gas wells. Rather than serving as the primary operator, Vitesse invests alongside exploration and production companies, allowing it to participate in well production while relying on operating partners to manage drilling and field activities.

The company’s portfolio is weighted toward oil-producing assets in the Williston Basin, including the Bakken and Three Forks formations in North Dakota and Montana.